The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-08-01
CONDITION OF THE MARKETS
All the Grain Markets Show Consider
ably More Than the Usual Weakness.
Wheat Declines and the Days Transactions
Leave Holders in Disc0uragement-L0wer
Prices for C0rE-Provisions Quiet.


a st,art bue Very Lively Session, Followed
nv a Feyerish and Unsettled Chasing.
NEW YORK July 3O.-Money call was easy at.
las per cent, closing offered at per cent
Prime mercantle paper 5la06 per cent
sterling exchange active and unsettled with
actual business at SASHA Tor saxtT-day Oils anu
III 841s for demand.
The total sales Of stocks, to-day, were $ZIo,3oo
sbsres including the following: Delaware Lacka-
wanna s. Western 24,O5o Erie. $40; Kansas g
Texas $40: Lake Shore 8 go. LolIisvile q NASH
vile IL 72O; Missouri Pacific, S257; NORTHWESTERN
16O65; New Jersey Central, 3 GOO; New YORK Cen
trail 56I5; Oregon Transcontinental 5000 Psclflc
Mail r. us; Reading 80. 400: St. Paul. 27,7oos
Texas Pacific 600; Union Pacific, IL 2oos western
Union, 1888.
The short session in the stock market to-day was
the Iveest that has been since the3 break OF
June "A. Stocks thrown over right and ieffs
and many accounts wiped out on the long Side
Stop orders were met in nearly all the active hsts
while the only buying noticeable was by Lon
don and the covering of shorts" To aid the depres-
sion the priv eye broker rumored yesterday to be In
trouble did not make his appearance upon the street,
and his collateral dumped upon the market Inc
dealings were very large and the market e."
trenely feverish throughout. with very
violent fluctuations. the fact that tine session
would last but two hours aiding to make the demor
alization greater as svery in hurry to get
ou. There was no stock on the list that was held
bnt all aecned together the differing only in
degree while Reading and Lackavganna recorded the
heaviest sses among the active list The inactive
stocks we're comparatively neglected though rev OF
them showed very wide flucuations halt was MADE
md the presumption is that the leaders OF the
movement were afraid to let the decline go Iurtner
The opening was generally heavy, though decnnes
from last evenings prices were for small! 1raeOi0ns
only. but the great pressure TO sell k1ocAeo
prices off immediately. and declines ranging up
to So per cent made in the first half noalr a
slight reaction was followed Immediately by the re-
newal of the decline and everything went on WITH
rush. The lowest figures were reached about To-
when the losses ranged to nearly per cent from
yesterdays final figures smart and rapid recovery
of to zig per followed but its force was soon
spent and rrces settled down, the final cures
In man. cases being the lowest of the day. me close
was active feversh and unsettled at or near the low
est figures The business amounted 70 Zoo 90
shares of which Reading furnished oo.4oos 81.
Paul 1850; Laekawanna 1880 New England
1g346; Western Union. 1908; Northwestern TO-
COS and Richmond q West Point. Is, 4lO Everything
is naturally lower the principal declines beng Read
ing 31s; Canada Southern, 25s; Richmond 80 West
Northwestern, 21s; Omaha. zig, st. Paul Pacatc
Mail Oregon & Transcontineutal Manhattan q Lack
awanna 2 and others smaller amounts
Railroad bouds quite active for the Two nonrs
of business the sales of all issues aggregatlng 20 ~
900. The market heavy TO weak tnrougnout,
ard declines wese established all over the list Knox
rille 81 Ohio hrsts fell go to 80; Green Bay incomes
g to 81 and Ohio Southern incomes. to 80.
Government bonds dull and steady.
State bonds were neglected Closing quotations
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